We’re hearing job loss reports almost nonstop these days – from Congress, presidential candidates, the Federal Reserve chairman and business experts. The U.S. economy lost approximately 160,000 jobs in the first quarter of 2008. But how does that translate to you?

“The job loss reported in the first quarter signified a gradual deceleration in recruitment in the U.S. as the nation’s economy downshifted,” said Matt Ferguson, CEO of CareerBuilder.com.

“In the next three months, employers anticipate marginal change in their hiring pace. While some industries are experiencing a contraction in employment levels, areas such as information technology, health care, professional and business services and sales continue to add full-time jobs.”

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